MEMBER PROFILE

The Credit Path

Credit Path Illustration

As Alternatives Credit Union has grown and changed, our use of the Credit Path model of financial empowerment has changed as well. Originally developed by Bill Myers as a way of understanding our members' financial situations and incorporating that into our business planning, the Credit Path describes where people are situated at various points along a continuum between poverty and self-sufficiency. Our job, as a community development financial institution, is to help our members move along that continuum by empowering them to make decisions, and offering opportunities, that will move them towards financial self-sufficiency.<

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Accounts at Alternatives Credit Union are designed to meet our mission, and our social mission is integrated into our economic mission. We have designed our deposit accounts to meet the financial needs of the members of this community, including members with a lower income.

Our savings accounts have no monthly service charges or transaction fees, and only a $5 minimum balance requirement. Dividends are earned on balances above $5.

Share draft (checking) accounts are also offered to anyone who lives in Ithaca, Tompkins County, adjacent counties and anyone who lives in upstate New York north of New York City. These accounts offer no monthly fees and no per check fees! All you pay for is the cost of printing the checks.

Certain deposits are available immediately, but we will place a "hold" on others. See our check hold policy for details.

Certificates can be started with as little as $100, and offer competitive dividend rates.

Routing information for wires to Alternatives Credit Union members: routing and transit number (also known as ABA number) is 2213 8186 7.

Wiring Instructions

Wire to:
Members United Corporate Federal Credit Union
ABA # 221381715
Credit to:
Alternatives Federal Credit Union
Account # 221381867
Further credit:
Member’s Name and Account #